From Schilling:
Believes that we are likely already in a recession
Does not buy a treasuries for the yield, buys for price appreciation. (On that note he still believes that there is still room to run aka no bubble)
Housing prices will continue to head lower as the next wave of foreclosures come to the market
Schilling has been uncanny with his market calls over the past few decades. He is someone to pay attention to.
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